PhysicsWallah forays into offline space, launches first offline hub PW Vidyapeeth in Kota, Rajasthan. PhysicsWallah’s offline centre will be enrolling Year 11 and 12 students who wish to prepare for the JEE and NEET exams. This development comes amid intense competition in the industry, with digital players entering the offline space and vice versa. Following its rivals BYJU’S and Unacademy, edtech unicorn PhysicsWallah on Monday announced its foray into offline learning with the launch of its first such centre called PW Vidyapeeth in Kota, Rajasthan.
PhysicsWallah’s offline centre will enroll students in Years 11 and 12 who wish to prepare for the JEE and NEET exams. Each class will have a 125:1 teacher-student ratio, the startup said in a statement. Kota is known for its tutoring centres for students wishing to make a living in the fields of engineering and medicine.
Commenting on the opening of the city’s first centre, Arak Pandey, founder and CEO of PhysicsWallah, said: “We chose Kota for a number of reasons. The city has an unbreakable track record in assisting students to pass various competitive entrance exams. In addition, according to the 2011 census, it has an average literacy rate of 82.80%, which is higher than the national average percentage of 74.04%.”
Earlier this month, PhysicsWallah entered the coveted unicorn club after raising $100 million in its Series A round at a post-money valuation of $1.1 billion. Westbridge and GSV Ventures participated in the round. Founded in 2020 by Alakh Pandey and Prateek Maheshwari, the Noida-based startup helps students prepare for NEET and IIT JEE exams. It claims to have helped more than 10,000 students crack NEET and JEE exams in the past two years. The startup also plans to launch its educational content in nine vernacular languages, adding 250 million students by 2025.
Categories: Accelerators, Community, Unicorns
Leave a ReplyCancel reply